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Feb 1, 2013
02/13
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it showed january's job reports, 157,000 jobs were added to the economy, but the way wall street sees it, it came in soft. wall street is looking at it at a more broader view, and they are looking at the momentum from november and december, and you are seeing a stronger trend continue, so that's good news obviously. but then again there has been an underlying optimism already in the market, and that's being fueled by the federal reserve. and that's buying up mortgage backed treasury and securities, and that's driving interest rates lower so the best game in town as far as investors see it to make money is here in the stock market, and it's driving investors to the stock market. and what moved the needle, it was the jobs number, and how the next milestone for the dow will be the all-time high, and first we will see if it can hold at 14000 at the close, and then we will see what happens. >> how much confidence do we have in this rally? >> some say not much, and others say stocks are making a comeback and the economy is doing that as well. one well known economist talks about this, and h
it showed january's job reports, 157,000 jobs were added to the economy, but the way wall street sees it, it came in soft. wall street is looking at it at a more broader view, and they are looking at the momentum from november and december, and you are seeing a stronger trend continue, so that's good news obviously. but then again there has been an underlying optimism already in the market, and that's being fueled by the federal reserve. and that's buying up mortgage backed treasury and...
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Feb 1, 2013
02/13
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and then, you know, the bottom started to fall out of the economy, we had the great recession. you know, the dow even went all the way down to 6,500 in 2009. march of 2009. so this really has been a trek upward. one well known economist that we just talked to yesterday says you know what this is? this could be a sign of better things to come. although he is a big bull, and for every bull, there's a bear. i did speak with a bear, another economist who said this is like a correction waiting to happen. so it depends on who you talk to about how exciting this is, how momentous it is. it is a nice round number and it was nice to see it on the screen, even for a few seconds. >> i think a lot of people are confused about what the state of our economy actually is. >> well, and that's why some wonder what is the point of the dow hitting 14,000. and, by the way, it's not even the record high, the record high is 14,164, and, yes, a lot of people talk about, you know, the disconnect. we see the dow reaching these highs that we haven't seen in five years, yet, the jobs market is recovering,
and then, you know, the bottom started to fall out of the economy, we had the great recession. you know, the dow even went all the way down to 6,500 in 2009. march of 2009. so this really has been a trek upward. one well known economist that we just talked to yesterday says you know what this is? this could be a sign of better things to come. although he is a big bull, and for every bull, there's a bear. i did speak with a bear, another economist who said this is like a correction waiting to...
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Jan 28, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. did you just turn your ringer off so no one would interrupt and.us?one. oh no, i... just used my geico app to get a tow truc
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses music: "make someone happy" music: "make someone happy" ♪it's so important to...
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Jan 29, 2013
01/13
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consumers aren't that optimistic about the economy. the consumer confidence index released a few minutes ago shows a sharp drop from last month. it now stands at 58.6%, down from nearly 67% in december. the steep drop, races all the gains made through 2012. an increase in the payroll tax seems to be one of the things that has dampened consumers' enthusiasm. >>> a 16-mile stretch of the mississippi river remains closed near vicksburg because of an oil spill. the coast guard says it has five contracted vessels helping with cleanup and skimming operations. still unclear exactly how many gallons leaked after two barges struck a bridge on sunday morning. the one that started leaking was carrying 80,000 gallons of oil. >>> the boy scouts of america may be closer to changing its long-standing policy barring openly gay members. it's expected to be up for discussion when the group's national board meets next month. the scouts' policy has been heavily criticized, but the leader of the conservative family research council says the scouts will be
consumers aren't that optimistic about the economy. the consumer confidence index released a few minutes ago shows a sharp drop from last month. it now stands at 58.6%, down from nearly 67% in december. the steep drop, races all the gains made through 2012. an increase in the payroll tax seems to be one of the things that has dampened consumers' enthusiasm. >>> a 16-mile stretch of the mississippi river remains closed near vicksburg because of an oil spill. the coast guard says it has...
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Jan 25, 2013
01/13
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they want people to deal with the economy and that's not what the republican party did the last time around. i think jindal has a prescription to how to fix it if the republicans are willing to follow it. >> here's the thing. in 2010 when they said washington needs to rein in the spending, we won big, we won huge. in 2012 when the republican party drove the messaging we lost. that tells you something. if we stay focused what is affecting everybody across the country and that is the fiscal issues, it's about jobs, jobs, jobs, i mean we win. that's what we need to stay focused on. >> i will say president obama was re-elected and that means in part to me that people are kind of into big government. >> i don't know about that. >> i disagree. >> i think many were going with the lesser of two evils with their choice at the ballot box, particularly independent voters but what they saw in mitt romney is they didn't have anything in common with him and didn't want to. and that was dividing up the country. 47% here, 47% there. let's have a fight over the nips and scraps and that's not a messag
they want people to deal with the economy and that's not what the republican party did the last time around. i think jindal has a prescription to how to fix it if the republicans are willing to follow it. >> here's the thing. in 2010 when they said washington needs to rein in the spending, we won big, we won huge. in 2012 when the republican party drove the messaging we lost. that tells you something. if we stay focused what is affecting everybody across the country and that is the fiscal...
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Jan 30, 2013
01/13
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officials say all the money went right back into the country's economy. if you were among more than 1 million people who owned certain models of toyota, there is news you will want to hear. the carmaker is hit by another recall. invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. >> announcer: this is cnn breaking news. >> a possible tornado touches down. chad, what do we know? >> north of atlanta there is a suburb called adairsville along i-75. there is quite a a bit of damage inside. we were on live with it when it was on the ground. we knew it would be right through the city. it seems like poplar springs may be a heavily damaged street there. maybe around cherry. across highway 41. this tornado went all the
officials say all the money went right back into the country's economy. if you were among more than 1 million people who owned certain models of toyota, there is news you will want to hear. the carmaker is hit by another recall. invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i...
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Jan 28, 2013
01/13
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when i talk about the nation's economy, reform is critical to the nation's economy. the reality is is that even in a very tight economy, there are all types of industries in our country which have used the work of immigrants every day, to achieve the economic goals of those industries. if you got up this morning and had fruits for breakfast, probably picked by the bent back of an immigrant worker. if you, in fact, had vegetables for a chicken for lunch, you probably had it deplucked by the hands -- the cutup hands of an immigrant worker. if you slept in a hotel or motel of the nation, you probably had your room done by an immigrant worker. if you are looking at some of the cutting edge technologies in our country, you probably saw the ability of making america a more prosperous competitive place in the world by the intellect of an immigrant worker. so in so many dimensions this is about the economy of our nation as well. and, finally, two elements of this that i think are incredibly important within the principles i support is the fact that we have seen in other coun
when i talk about the nation's economy, reform is critical to the nation's economy. the reality is is that even in a very tight economy, there are all types of industries in our country which have used the work of immigrants every day, to achieve the economic goals of those industries. if you got up this morning and had fruits for breakfast, probably picked by the bent back of an immigrant worker. if you, in fact, had vegetables for a chicken for lunch, you probably had it deplucked by the...
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Jan 29, 2013
01/13
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political divisions, protests, trug strugling economy threaten its future. people are protesting morsi's declaration of a state of emergency and curfew in three provinces. >>> now you can virtually explore one of the most secretive countries in the world thanks to google. detailed maps of north korea. now for the first time. talking about everything from its nuclear facilities to prison labor camps, monuments, and just regular streets. chad meyers here to map it all out for us. that's incredible. think about north korea, i mean it was just blank. the rest of the world you could see, north korea for years blank. >> let me tell you how this happened. citizen cartogrophers went to draw it in. they drew lines, maps, roads and drew locations and now you can, for the first time ever, go to google map -- not talking about -- not earth -- but the map and see where the roads are. you can see how to get places in north korea. this was unheard of it. was a blank spot for a long time. north of the dmz, there was nothing there. there was no there there. >> a road map. >>
political divisions, protests, trug strugling economy threaten its future. people are protesting morsi's declaration of a state of emergency and curfew in three provinces. >>> now you can virtually explore one of the most secretive countries in the world thanks to google. detailed maps of north korea. now for the first time. talking about everything from its nuclear facilities to prison labor camps, monuments, and just regular streets. chad meyers here to map it all out for us. that's...
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Jan 30, 2013
01/13
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economy shrank in the fourth quarter. ringing the bell today, jack lapinsky, president of the energy company cvr refining. >>> we're keeping an eye on a hostage situation in southern alabama. man boarded a school bus and shot and killed the driver, took a 6-year-old hostage and holding him in some sort of underground bunker. police are communicating with the man and they tell us the little boy has not been harmed. >>> in the next hour, the senate judiciary committee holds its first hearing on gun violence since the newtown massacre last month. we're looking inside this hearing room and wayne lapierre the executive vice president of the nra, you can see him sitting there beside the gentleman in the white hair. wayne lapierre will be testifying later this afternoon. gabrielle giffords, the former congresswoman shot in arizona will give the opening statement for the other side and when that hearing begins, by the way, we'll carry it live. we're expecting it to start in just about 31 minutes. >>> joining me now are jerry henr
economy shrank in the fourth quarter. ringing the bell today, jack lapinsky, president of the energy company cvr refining. >>> we're keeping an eye on a hostage situation in southern alabama. man boarded a school bus and shot and killed the driver, took a 6-year-old hostage and holding him in some sort of underground bunker. police are communicating with the man and they tell us the little boy has not been harmed. >>> in the next hour, the senate judiciary committee holds its...
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Jan 28, 2013
01/13
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> three people now are under arrest. investigators are searching for a fourth in connection with the tragic nightclub fire that left at least 231 young people dead. police have not identified those that they've detained but they are going to hold them five days for questioning. most of the fire victims died of smoke inhalation. others were trampled. investigators think the disaster started when the band's fireworks show set the ceiling insulation on fire. we heard about the fire. we immediately, of course, thought about what happened in a nightclub in rhode island almost ten years ago. 100 people died at the station nightclub. this was in west warwick, where the band great white was performing. we're looking back at that disaster in a moment, but first want you to listen to what a survivor of that nightclub fire told cnn this morning. >> i can't believe someone has actually done that in a crowded nightclub again, but also the way that people could n
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> three people now are under arrest. investigators are searching for a fourth in connection with the tragic nightclub fire that left at least 231 young people dead. police have not identified those that they've detained but they are going to hold them five days for questioning. most of the fire victims died of smoke inhalation. others were trampled....
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Jan 26, 2013
01/13
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economy had a decent week though one iconic firm did not close where investors were hoping. here's alison kosik. >> stocks continue their january run-up with the dow closing higher for the 11th time in 12 sessions friday. the s&p 500 which most american portfolios tracks will rose above the 1500 mark for the first time in five years. corporate earning season continued full speed ahead with a huge batch of technology companies report package netflix, ibm and google all topped estimates in the latest quarter. but apple was one notable disappointment. though the gadget giant beat profit expectations it missed on revenue and didn't sell quite as many iphones as wall street would have liked and closed friday at $448 after rising to $705 a few months ago. on the housing front, existing home sales unexpectedly fell 1% in december. analysts had been expecting it to rise. the good news is, 2012 still marked the best december for home sales in five years. record low mortgage rates, lower unemployment and a rebound in prices have all helped to give the housing market momentum. friday m
economy had a decent week though one iconic firm did not close where investors were hoping. here's alison kosik. >> stocks continue their january run-up with the dow closing higher for the 11th time in 12 sessions friday. the s&p 500 which most american portfolios tracks will rose above the 1500 mark for the first time in five years. corporate earning season continued full speed ahead with a huge batch of technology companies report package netflix, ibm and google all topped estimates...